WEX, a global commerce platform, has successfully completed its acquisition of Payzer, a high-growth cloud-based field service management software provider. This strategic move bolsters WEX's commitment to simplifying business operations. Melissa Smith, Chair and CEO of WEX, expressed excitement about the deal and welcomed the Payzer team into the WEX family. The acquisition is expected to strengthen WEX's offerings to its Mobility customers, which include approximately 150,000 field service management companies. It introduces a new, scalable, and integrated business management software solution. This strategic alliance positions WEX to provide enhanced services and support to businesses worldwide, particularly in the field service management sector. The definitive agreement for this acquisition was initially announced on October 26, 2023, and is now successfully concluded.
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